Raine & Horne Commercial Parramatta is pleased to present this Whole Block of Four Units to the market for sale via Auction.
This property is a two-level, full brick constructed residential block of units on One (1) Title comprising 2x2 bedroom and 2x1 bedroom apartments. Prominently positioned on a high profile corner of Regent and Gladstone Streets & boasting two street frontages, the property is within close proximity to the St George Health Precinct, Private & Public schools (700m*) and the Illawarra Train Line (Kogarah Railway station (325m*).
This is an ideal opportunity for the astute investor wanting a steady and passive income stream or developer looking to strategically landbank.
PROPERTY HIGHLIGHTS:
• Land Area: 313 sqm*
• Unit Mix: 2 x 2 Bedroom & 2 x 1 Bedroom Units
• One (1) Title
• Projected Gross passing income $98,800 per annum (as of Dec 2023)
• Zoning: R4 High Density
• FSR: 4:1
• HOB: 33m*
• Secure passive investment with future development upside
• Walking distance to an abundance of recreational, retail, medical and educational facilities
Construction of St George Hospital Stage 3 costing $411million commenced in June 2023
There is also an opportunity to purchase neighbouring 59 Regent Street, adding an extra 286sqm* of land area.
Call the exclusive agents now for an immediate inspection or to get more information on this rare investment sale opportunity.
The property will be offered for sale In-Rooms at Auctionworks, Mezzanine, 50 Margaret Street, Sydney, to be held on Thursday, 30 November 2023 at 10.30am
*(approx)
Disclaimer: Raine & Horne Commercial Parramatta advise the information displayed in this advertisement has been received through a third party. We have used our best endeavours to ensure the information contained in this advertisement is accurate and true however we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements which may be contained. Interested parties are urged to make independent enquiries to verify any information detailed or not stated in this advertisement.
